Bitcoin News, Update: Analyst Predicts Major Breakout, Crypto Job Market Surging

Bitcoin has undoubtedly been struggling to get its head above water lately, largely due to the huge fall in interest among investors in cryptocurrency. However, things might just turn around for the fledgling digital coin since one analyst is predicting that it might break out soon. For even more good news, it would appear that the job market for the crypto industry is flying high.

This new prediction with regards to Bitcoin comes courtesy of eToro senior market analyst Mati Greenspan, Market Watch reports. According to him, the cryptocurrency is about to go past the $6,500 line that it has been trying to float over the past few months.

“It’s only a matter of time now,” Greenspan said. “Of course, the flat-line pattern could easily remain for another few months, and that wouldn’t be a bad thing; however, there are signs of excitement boiling underneath the cool price action exterior.”

As to what Greenspan is basing these assumptions on, it would appear that it has something to do with the increasing transactions per second with regards to Bitcoin. He cites this as one of the signs that an end to the flat cycle is about to come.

Whether or not this Bitcoin break out actually comes to pass, it would appear that the crypto industry is doing well, overall. Forbes reports that jobs in the fields of cryptocurrency and Blockchain in the U.S. are surging. It would seem that the rise in positions related to these industries has increased by 300 percent over the past year based on the research conducted by Glassdoor.

This is indicative of tech companies putting more faith in cryptocurrency and Blockchain than what traditional financial institutions are willing to invest. As such, Bitcoin will likely benefit from the steady increase in interest in the market, which is expected to become a cornerstone of the world economy in the future.